James48843 Account Talk

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Greg said:
Quote for the day:

356074.1463373.jpg
Click to expand...

The obvious comeback:

And "conservatives" have forgotten so much that is.
 
I know I am going to be sorry- but I'm gonna do it anyway.

Going 100% "C" today.

Looking for a pop higher tomorrow.

Nothing in history sustains continued dowward depression for the rest of the month-
1. we've already dropped 15% in "C" for the month,
2. FED trying like heck to stop the bloodshed- rate cut today. If it didn't work, they'll have to do another. And they've flooded the credit market trying to get it restarted.
3. World markets already lost a bundle.
4. I'm already 14% BETTER than the S&P 500 this year, although the S&P is crazy- why not lock in that advantage.
5. We've had now 5 days in a row of significant losses. At SOME point, the market HAS to say "Uncle".

I'm going 100% "C" fund today, for my second move of the month.
 
It's hard to argue with your logic, these are bargin basement prices, best of luck... ;)
 
Nothing in history sustains continued dowward depression for the rest of the month
Click to expand...
This seems like a new and improved beast... I am worried history cannot give us an indication this time around, and it will continue to drop.
 
James48843 said:
I know I am going to be sorry- but I'm gonna do it anyway.

Going 100% "C" today.

Looking for a pop higher tomorrow.

Nothing in history sustains continued dowward depression for the rest of the month-
1. we've already dropped 15% in "C" for the month,
2. FED trying like heck to stop the bloodshed- rate cut today. If it didn't work, they'll have to do another. And they've flooded the credit market trying to get it restarted.
3. World markets already lost a bundle.
4. I'm already 14% BETTER than the S&P 500 this year, although the S&P is crazy- why not lock in that advantage.
5. We've had now 5 days in a row of significant losses. At SOME point, the market HAS to say "Uncle".

I'm going 100% "C" fund today, for my second move of the month.
Click to expand...

I agree with your logic James, but to close to retirement. Good Luck.

CB
 
Incredible-

VIX just hit 58.

Three days with VIX above 50- I don't think I've seen that before.

Incredible.
 
Well, I just wanted to say-

I hereby completely throw in the towel.

I do not have a clue as to where we are going.

I took my shot- did my one out of stocks, one back in move already this month- and I am now sitting in stocks, completely awed at the devastation.

I can't move anywhere except "G", and, with stocks now down 22% for the month, I can't see moving to "G" now, because if the market reverses, that locks in the 22% down.

My only saving grace is that I only was hit about 14% instead of the 22%, because I managed to jump out for two days of that downward crash.

A pox on the house of the thrift board- for mandating only one move in and out for a month.

A pox on all of them.
 
James48843 said:
Well, I just wanted to say-

I hereby completely throw in the towel.

I do not have a clue as to where we are going. .
Click to expand...

You're not alone. Gotta look at the positive, at least you got some days in G to save some of your hide. Serious spanking on my part being in since Oct. 1. I know I can't bail either now. Put more $ in at these low prices. :)
 
Moving to 100% Fund Allocation in times like this...

James,

With the market moving 1000 points in a day, and folks in a panic, and short sellers dumping, and hopefully vultures swooping in for carrion I would not make a 100% move to anywhere. This is not a speculator’s market.

Look even at the F Fund:worried: – which nobody buys around here, but… Looking at the fund sheet (very boring and not very informative) you can note that you are purchasing a fund with a 45% holding in ‘Asset-Backed Securities’. Folks, those are ‘Mortgage Backed Securities’. Those securities have obliterated the nation’s investment banks. A 45% holding in that crap. Brilliant, just brilliant.

I wouldn’t even hold a 100% stake in the G Fund. Guess the name of the single fund that the Gubmint can raid if their ‘Debt Ceiling Limit’ has to be exceeded before the Congress Critters raise the ‘limit’. That is right, there is a big slush fund we can lob IOUs into for a few days right over there in the G Fund pile. Certainly the Chinese and Japanese will buy up our kited checks in time. Certainly.

In all, however, I think you will do alright in the C Fund. But, that ‘ok’ may not last more than a month. It may, but it may not. There has been NO direction in this market till recently. So on November 1, I would allocate your assets to a mix that buffers another dump, but gives you Alpha for another burp. If the market dumps another 20%, you will have assets to be a vulture capitalist and will have lost ‘only’ 8% - 10%. If we get a quick bump and level off you can take 12% - 14% winnings off the table. And, if we get what seems to be a sustained recovery you can start averaging out of G/F holdings into C/S/I. Hold that thought…

The F Fund. Maybe not. Anyone want to hold ‘Mortgage Backed Securities’ out there.:mad:
 
Last edited:
If we had followed those principles, we wouldn't have a "sub-prime mess".

God is very smart.

In fact, those are just a few of the highlights. You should read the whole book.

It's even better than the movie. :cheesy:
 
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